This bill proposes an amendment to Section 44-18-30 of the General Laws in Chapter 44-18, which pertains to sales and use taxes in Rhode Island. The amendment introduces a range of new exemptions from sales and use taxes for various items and services. These exemptions include, but are not limited to, sales of special adaptations and component parts for wheelchair accessible taxicabs, heating fuels, electricity, gas, manufacturing machinery and equipment, trade-in value of motor vehicles, precious metal bullion, commercial vessels, commercial fishing vessels, and clothing and footwear under certain conditions. Additionally, the bill exempts water for residential use, Bibles, boats sold to nonresidents, youth activities equipment sold by nonprofit organizations and schools, farm equipment for commercial farming, and several other specific items.

Furthermore, the bill adds exemptions for farm structure construction materials, telecommunications carrier access service, boats or vessels for winter storage, jewelry display products, banks and regulated investment companies interstate toll-free calls, mobile and manufactured homes, manufacturing business reconstruction materials, and various other items. Each exemption comes with specific conditions and definitions to clarify eligibility. Notably, the bill also includes an exemption for the sale and use of new or used bicycles, as indicated by the insertion of a new item in the list of exemptions, with the intent to promote bicycle use. There are no deletions mentioned in the provided text. The act is designed to take effect immediately upon passage, making these exemptions active as soon as the bill becomes law.

Statutes affected:
7674: 44-18-30